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FollowingA viral video drives CATE tokens to soar
The memin $CATE on the Solana chain rose by 25% in 24 hours after a round of intense transactions that attracted widespread attention in the crypto community. Previously, the token had an even more alarming market-after Kabosu's owner Atsuko Sato shared a cat video on platform X and quickly spread it on social media, the token soared about 230 times in a single day.
Kabosu is a Shiba Inu. Its squealing expression has become one of the most recognizable memes on the Internet and directly inspired the birth of dogcoin in 2013. This correlation, no matter how loose, is enough to cause traders to flock to CATE. At its peak, the market value of CATE briefly touched US$11 million, and then fell sharply to about US$4.5 million, which fully demonstrates how quickly speculative momentum is reversing in the small-cap memin market.
The owner of Kabosu distanced himself from the token
After that, Sato himself denied it, casting a shadow over the rally. Sato said she has no connection with CATE or similar token projects circulating on the market. She pointed out that content in her Instagram account was used without her permission and that someone used the material to launch fake tokens to falsely imply her involvement. Sato also mentioned that high-profile accounts on the X platform contributed to the spread of these posts, and confirmed that Own The Doge is the only project she has officially authorized to manage her intellectual property rights.
This incident is a common pattern in the memin market: Viral social content, even if it is not related to any formal project, can trigger sharp price fluctuations that then fall back quickly. Traders who seized the CATE market early received surprising gains, while those who entered late faced a sharp correction.
